KUEHNE + NAGEL LIMITED
Company Information
- Company Number
- 01722216
- Registered Address
- 1 Roundwood Avenue, Stockley Park, Uxbridge, England, UB11 1FG
- Status
- Active
- Employee Count
- 3,507
- Turnover
- £1,119,586,000
- EBITDA
- £46,881,000
Additional Details
- Website
- https://kuehne-nagel.com
- Company Type
- Private limited Company
- Incorporated On
- 11 May 1983
- Nature of Business
- 52290 - Other transportation support activities
- Industries
- Distribution And Delivery
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 36 | 50% | 40% | 10% | 24% |
| 01 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 35 | 50% | 40% | 10% | 25% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 38 | 50% | 39% | 11% | 24% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 40 | 46% | 41% | 13% | 26% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 43 | 43% | 40% | 17% | 26% |
| 01 Jan 2022 - 30 Jun 2022 | 15 Jul 2022 | 45 | 39% | 41% | 20% | 25% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 42 | 40% | 41% | 19% | 25% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 37 | 40% | 46% | 14% | 26% |
| 01 Jul 2020 - 31 Dec 2020 | 12 Feb 2021 | 42 | 38% | 45% | 17% | 26% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 43 | 41% | 39% | 20% | 22% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 43 | 42% | 38% | 20% | 22% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Invoice date +60days, Government contracts invoice date +30 days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
Dispute Resolution Process
- Incorrect Supplier Invoicing: communication to Suppliers re-enforcing the invoicing requirements to reduce disputes and ensure invoices are approved first time. Focused working group sessions with key suppliers to address and feedback via supplier statement reconciliations. - Paper Invoices: To remove the risk of paper-based invoices being lost when submitted by suppliers, KN UK are working towards achieving a target of 90% of all UK invoices to be submitted via an e-invoice (Tradeshift platform) Each month a review is conducted on those paper-based supplier invoices received and these are then targeted by a dedicated KN resource to transfer to a digital format. Success has seen May 2023 hit an all all-time high of 85.2% up from Aug 2022 result of 78.6%. - Staff To ensure the correct level of focus and rigour is applied to the successful delivery of the prompt payment practice there have been several key appointments in late 2022 and early 2023. o UK Working capital manager – August 2022. o Accounts Payable (AP) Manager commenced 6th March 2023 to manage the UK AP Team. o Finance Assistant commenced 12th June 2023 to assist with ensuring invoices are paid on time, queries and disputes are resolved in a timely manner. o Finance & Compliance Manager commenced 1st March 2023. o Compliance Account Support role commenced 4th Sept 2023, both roles will be responsible for looking into Blocked/Disputed invoices. Finding root causes of the issues, looking at trends (creation of a monthly dashboard enabling management by exception) and resolving issues on purchase order numbers. The AP manager and finance assistant will create and provide branch training and support to elevate the operational colleague’s awareness to resolve invoices and handle queries in a timely manner to avoid delays to payment. As the responsibility to resolve queries sits with the operational colleagues based within the branch network.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
❌
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
❌
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
KUEHNE + NAGEL LIMITED is a global logistics company that provides supply chain solutions to various industries such as automotive, aerospace, retail, and pharmaceuticals. They are committed to sustainability and have implemented a sustainability program to reduce their environmental impact.
Their services include freight forwarding, contract logistics, and supply chain management. They offer a wide range of transportation options, including air, ocean, road, and rail, to ensure efficient and timely delivery of goods. They also provide warehousing, distribution, and customs clearance services.
The company's sustainability program includes initiatives to reduce carbon emissions, promote energy efficiency, and implement sustainable practices in their operations. They have set targets to decrease their carbon footprint and have invested in alternative energy sources to power their facilities.
KUEHNE + NAGEL LIMITED has a team of experienced and dedicated professionals who are committed to providing high-quality services to their customers. Their key people include CEO, Detlef Trefzger, and Chairman of the Board of Directors, Joerg Wolle.
The company's registered office address is at Knutsford Business Park, Manchester Road, Knutsford, Cheshire, WA16 0PS, United Kingdom. Their website address is https://uk.kuehne-nagel.com/.
In conclusion, KUEHNE + NAGEL LIMITED is a leading logistics company that offers sustainable supply chain solutions to various industries. With their commitment to sustainability and a team of experienced professionals, they continue to provide efficient and reliable services to their customers.
